XRP is still waiting for a longI think that XRP - and looking at the Total Market Cap chart - has taken a downward trend. Although the RSI is well above 70 on the daily timeframe, the faster leg is already approaching 50. Looking at the 4-hour RSI, as long as it is below 50, I do not expect an upward movement. I see a chance for further upward movement if the chart is currently above $3.2971. It is worth watching the 4-hour 50 EMA for possible long position opening, but only if the price crosses the 4-hour 50 EMA upwards. There could be a danger if it breaks the 50 EMA on the daily, which will be around $2.7. I should add that the 4-hour 200 EMA is around $2.8, so there will be a band between 2.7-2.8 where the chart can dance before deciding which direction to take. As long as the RSI MA is above 50 on the day, long-term positions - which were started around 2023 - should not be negatively affected by this "small" sell off. I think it is worth waiting for now for longs, not to enter an upward trade into the declining chart. Attention should be focused on the 4-hour 50 ema/chart cross, and the 4-hour rsi MA 50 cross. Until these are met, starting a long is life-threatening. I am curious how you see it.
